• TEN posted Q1 2026 net income attributable to Tsakos Energy Navigation of USD 88.84 million, more than doubled from a year earlier, with EPS at USD 2.72.
• Revenue rose 28.38% to USD 252.96 million, driving operating income up 81.28% to USD 109.88 million.
• Adjusted EBITDA climbed 54.90% to USD 153.78 million, while fleet utilization improved 1.1 percentage points to 98.3%.
• Time charter equivalent earnings increased to USD 40,960 per vessel per day, while cash stood at USD 321.42 million as of March 31, 2026.
• TEN declared a second semi-annual common dividend of USD 1 per share for July 2026, and said its contracted revenue backlog exceeds USD 3.5 billion as its 22-vessel newbuilding program remains on schedule.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TEN - Tsakos Energy Navigation Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605210910PRIMZONEFULLFEED9724708) on May 21, 2026, and is solely responsible for the information contained therein.